讀後心得

Trump's counterpart tariff policy led to a significant drop in global stock markets. To stabilize the Taiwan stock market, the Financial Supervisory Commission announced three measures seven days ago: adjusting the daily short-selling commission quantity to 3%, raising the margin requirement for short selling to 130%, and allowing multiple collateral types for financing margin calls. The Stock Exchange will also hold a briefing this morning to share response strategies. The Financial Supervisory Commission will continue to monitor international financial conditions and adjust measures as necessary.

The equal tariff measures implemented by the United States have led to a significant decline in the U.S. stock market and global stock markets. In order to stabilize the market before the Taiwan stock market opens today, the Financial Supervisory Commission (金管會) announced three main measures yesterday and held a capital market response briefing at 8 AM today, during which the chairman of the stock exchange will provide explanations.

The Financial Supervisory Commission pointed out that due to the impact of the U.S. tariff policy, significant declines have occurred in stock markets around the world. Since the Taiwan stock market was recently closed and unable to timely react to fluctuations, coupled with the unclear information from the international market, this has brought significant uncertainty to the stability of the Taiwanese market. In addition, the complexity of international trade and tariff issues has made the situation even more unpredictable. To maintain market stability and protect the rights of investors, the Financial Supervisory Commission will implement the following temporary measures from April 7 to April 11:

• Investors, with the consent of securities finance companies or securities firms, may use other diverse collateral that has good market liquidity and objective assessed value as the difference for margin financing or short-selling margin contributions.
• Adjust the daily intraday short-selling order quantity from the original 30% to 3%. However, specific cases such as warrants issuance, structured product trading, and securities firms with hedging needs can be exempt from this restriction.
• For listed and OTC-traded securities, the minimum short-selling margin requirement will be adjusted from 90% to 130%.

During this period, the Financial Supervisory Commission will continue to monitor the international financial situation and domestic market conditions, and will adjust relevant stabilization measures in a timely manner.